MedMen Reports Fourth Quarter and Fiscal Year 2019 Financial Results – Designated News Release Record full year revenue of $130 million, up 227% year over year Fourth quarter revenue of $42 million, up 104% year over year Surpassed $110 million in annualized run-rate retail revenue across California, the largest... Read more
(This is an abridged version of a story that appears in the Fall issue of Hemp Industry Magazine.) Hemp farmers across the United States require many varieties of the plant, such as those conceived to grow in distinct climates or with certain traits desired by the end customers, among others.... Read more
Former Rep. Beto O’Rourke (D-TX) unveiled a plan on Thursday that promotes a series of harm reduction policies, including decriminalizing drug possession, to tackle addiction and prevent overdoses. He also discussed aspects of the proposal with reform advocates at an event in Iowa. The 2020 Democratic presidential candidate said... Read more
Finland’s government will soon consider decriminalizing the possession and cultivation of marijuana for personal use after advocates garnered more than the required 50,000 petition signatures to trigger a review by Parliament. The proposals stipulates that possession of 25 grams or less of cannabis, and the cultivation of up to... Read more
Sen. Bernie Sanders (I-VT) is pledging to use executive action to deschedule marijuana within the first 100 days of his administration if he is elected president. In a cannabis reform plan released on Thursday at 4:20 PM EST, the 2020 Democratic presidential candidate said removing cannabis from the Controlled... Read more
On Thursday, the date Mexico’s Supreme Court set as the legislature’s deadline to pass a law legalizing adult use cannabis, advocates blocked the door of the Mexican Senate. In a steady rain, they called on legislators to pass fair and just marijuana regulation. A chant rose up with tendrils... Read more
Former Housing and Urban Development Secretary Julián Castro proposed a criminal justice plan pledging that if he is elected president he will legalize marijuana, expunge prior cannabis convictions and invest in communities disproportionately impacted by prohibition. The “First Chance Plan,” released on Wednesday, is designed to take a preventative... Read more
Former Housing and Urban Development Secretary Julián Castro proposed a criminal justice plan pledging that if he is elected president he will legalize marijuana, expunge prior cannabis convictions and invest in communities disproportionately impacted by prohibition. The “First Chance Plan,” released on Wednesday, is designed to take a preventative... Read more
In its Q3 earnings release today, building products manufacturer Gibraltar Industries (NASDAQ: ROCK) revealed that it has purchased Ohio-based cannabis extraction equipment company Apeks Supercritical recently. The company, which closed the acquisition in late August, disclosed trailing annual sales through June of $17.7 million, making it a relatively small... Read more
